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QMI Agency

While the majority of Canadian couples have discussed retirement, very few have started making serious plans, according to a new survey.

According to a BMO Financial Group poll, 69% of Canadians have talked to their partner about retirement, but most fail to get into the nitty-gritty details.

The Leger Marketing survey shows 47% have discussed their ideal retirement lifestyle, 46% have talked about what age they want to retire at, 44% mulled where to live, 42% have talked finance and just 36% have discussed whether to sell their homes.

What's more, 30% of Canadians in relationships have no idea how much money their partner has saved for retirement.

"We hear that communication is essential in a relationship, but that should include talking about finances and plans for retirement too," said Tina Di Vito, head of the BMO Retirement Institute, in a press release.

"The sooner couples have a detailed retirement 'talk', the easier it will be for them to develop and implement a financial plan that will help them realize their ideal retirement lifestyle."

Leger polled 926 Canadians between Jan. 30 and Feb. 2 with a margin of error of 3.2 percentage points, 19 times out of 20.